Japan's Kishida urges companies to give wage hikes that exceed inflation

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Japanese Prime Minister Fumio Kishida on Wednesday urged companies to increase wages faster than the rate of inflation.

"In the past 30 years, wages did not rise much despite robust corporate profits. Corporate wealth did not trickle down ," Kishida said in a news conference.Reporting by Leika Kihara.

"In the past 30 years, wages did not rise much despite robust corporate profits. Corporate wealth did not trickle down ," Kishida said in a news conference.Reporting by Leika Kihara
 

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Hamfisted way to address inflation as theft. Still, it'll work. Here? Set Standard Deduction to Living Wage, tax margins to %of living wage. Takes away the incentive to use inflation as a weapon.

Landeniko mukwai

it's easier said than done. kishida230 has to do something effective.

Servant make,demands on plutocratic Master,doesnt want to live?🤣🤣

does he know wage inflation is the final step into inflation hell 🤡 ?

After the wage stagnation workers have experienced over the last 40 years while CEO and the CSuite pay and bonuses have exploded from 35x to nearly 400x that of their employees. The actual people who perform the actual work deserve more while CEOs should be paid less.

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